USD/JPY remains near 150.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


By large, the USD/JPY currency pair remains near the 150.00 mark. Most recently, the pair confirmed the 149.20/149.25 range as support and started a recovery. By mid-Wednesday the pair had clearly reached above the hourly simple moving averages near 150.25 and surged to 150.80.

The currency pair could soon test the combined resistance of the weekly R1 simple pivot point at 151.09 and the 151.00 mark. Higher above, note that the 151.50 level might slow down a surge to the resistance range at 151.65/151.70.

In the meantime, it is possible that the rate once again returns to the 150.00 mark. In this case scenario support could be found in the 50, 100 and 200-hour simple moving averages near 150.10/150.30.
Back to articles

Actual Topics

Wed, 08 Nov 2023 11:39:41 GMT

Gold reaveals new support levels

The price for gold has declined and revealed that it respects the support of the 1,960.00 mark and the 1,956.60/1,957.10 range. Meanwhile, the 1,970.00 level has turned from support into resistance, as it was keeping the price down. A resumption of the broader decline of the commodity price would have to pass below the 1,960.00 level and the 1,956.60 level,

Wed, 08 Nov 2023 10:48:07 GMT

GBP/USD declines after reaching new highs

The GBP/USD currency pair encountered resistance in the 1.2430 level and started a decline. By mid-Wednesday, the pair's decline had reached the 1.2250 level. In the near term future, the pair was expected to approach the 1.2200 mark. However, before the round level is reached, the 200-hour simple moving average is set to provide some support. Further below, take

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.